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(Cash conversion cycle) Historical data for the firm's sales, accounts receivable, inventories, and accounts payable for the Crimson Mfg. Company follow: B a. Calculate Crimson's days of sales outstanding, days of payables outstanding, and days of sales in inventory for each of the 5 years. (Assume a 365-day year. Hint: Assume that the firm's cost of goods sold equals 70% of sales.) What has Crimson accomplished in its atempts to better manage its investments in account receivable and inventory? b. Calculate Crimson's cash conversion cycle for each of the 5 years. Evaluate the firm's overall management of its working capital. Assume a 365-day year. (Click on the following icon in order to copy its contents into a spreadsheet.) Sales Net ReceivablesTotal Acounts payable InventoriesTotal 2014 4,358 612 432 327 2015 5,242 798 688 442 2016 7,925 1,010 709 651 2017 11,700 1,354 1,583 380 2018 18,447 2,294 2,459 343